Starting a business is an exciting venture, and one of the first decisions you’ll need to make is the type of business structure to use. A popular choice among new entrepreneurs is the sole proprietorship. This structure is the simplest... Read More The post The Pros and Cons of a Sole Proprietorship appeared first on The Harding Group ..read more

Understanding the pros and cons of a business partnership can help you decide whether it’s the right move for you. Starting a business is a thrilling journey, filled with numerous decisions that shape the future of the enterprise. One of the most significant choices entrepreneurs face is whether to go solo or enter into a partnership. Business partnerships, where two or more individuals collaborate to run a business, can be highly beneficial but also come with potential pitfalls. Understanding the pros and cons of a business partnership is crucial for making an informed decision that aligns ..read more

How does a CPA help a small business save money? They have the knowledge and expertise to keep your business in the black. Running a small business is a challenging endeavor, with many entrepreneurs focusing primarily on sales, marketing, and day-to-day operations. However, one critical aspect often overlooked is the financial management of the business. Hiring a Certified Public Accountant (CPA) can be a game-changer for small business owners, providing not only peace of mind but also significant cost savings. Here’s how a CPA can help your small business save money. Tax Planning and Prepar ..read more

Small businesses should consider the option to outsource their accounting and bookkeeping to ease their burden and ensure the financial health of their business. Running a small business involves juggling many responsibilities, from marketing and customer service to product development and operations. Among these, accounting and bookkeeping are critical functions that require meticulous attention and expertise. While some small business owners might be tempted to handle these tasks themselves or hire in-house staff, outsourcing accounting and bookkeeping can offer substantial benefits. Cost ..read more

Small business owners need to stay on top of payroll, but it can be difficult when you’re starting out. Managing payroll effectively is one of the most critical tasks for small business owners. It not only ensures employees are paid accurately and on time, but it also helps in maintaining compliance with labor laws and fostering a positive workplace culture. Here’s an in-depth look at how small business owners can stay on top of payroll and why it’s so important. The Importance of Staying on Top of Payroll Employee Satisfaction and Retention: Timely and accurate payroll is essential for emp ..read more

Back taxes are a major strain, especially on small businesses. Check out our guide with tips on how to get caught up and avoid these in the future. Back taxes can be a significant issue for small businesses, leading to financial strain and legal complications. This blog aims to shed light on what back taxes are, why they pose a problem for small businesses, how to catch up on them, and strategies to avoid them in the future. What Are Back Taxes? Back taxes are unpaid taxes that were due in previous years. They can result from underreporting income, incorrect tax filings, or simply failing to ..read more

Small business owners should always be taking steps to spot accounting errors and remedy them to maintain an accurate pulse on the health of their business. Accounting errors can be detrimental to the health of any business, but they are particularly damaging for small businesses, where margins are often slim and resources limited. As a small business owner, maintaining accurate financial records is crucial for making informed decisions, securing financing, and ensuring long-term viability. Unfortunately, accounting errors are common and can arise from various sources, including manual data ..read more

Technology start-ups benefit from business advising in a big way due to the competitive and fast-paced market. The technology start-up ecosystem is one of rapid innovation, high competition, and significant potential for growth. However, it is also fraught with challenges such as market volatility, funding hurdles, and the constant need for strategic pivots. In this environment, business advising emerges as a crucial support system that can significantly enhance a start-up’s chances of success. Let’s discuss the multifaceted benefits that technology start-ups gain from business advising. Exp ..read more

Start-ups are highly vulnerable in the current market, which is why entrepreneurs should take advantage of business advising to keep their company going strong. Starting a new business is both an exhilarating and daunting experience. Entrepreneurs often find themselves navigating uncharted waters, making critical decisions that can determine the success or failure of their venture. In this high-stakes environment, taking advantage of business advising can be a game-changer for start-ups. Expertise and Experience One of the most compelling reasons for start-ups to engage in business advising ..read more

Service-based businesses contend with the unique challenge of not selling physical goods. Business advising can help them stay on track. Service-based businesses form the backbone of many economies, providing essential functions that facilitate the daily lives of individuals and the operations of other businesses. Unlike product-based businesses that sell physical goods, service-based businesses offer intangible value through skills, expertise, and time. Examples of service-based businesses include consulting firms, law practices, accounting services, marketing agencies, and healthcare provi ..read more